Question: Nonprofit entities also have three basic financial statements. The status report for a nonprofit is similar to the [income statement / balance sheet] and is

Nonprofit entities also have three basic financial statements. The status report for a nonprofit is similar to the [income statement / balance sheet] and is called a s ______ t of financial position.

The flow report is similar to the [income statement / balance sheet]

and is called a statement of activities. The third statement, called a s ______ t of c f s, has the same name in a nonprofit entity.

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